Wednesday, January 1, 2014

EUR/NZD :
Bias: Bullish


EUR/AUD:



EUR/GBP : This pair looks extremely bearish at the beginning of 2014 and set for long term downtrend.

Pair is making Lower Highs and Lower Lows on Monthly
Price has rejected 50% and 61.8% of Bear FIB levels.
Shorts can be entered once price breaks and retests Support at 0.82300.

First day of year 2014 and my first post on currency analysis. My analysis would purely be based on technicals.

Eur/Usd : This pair is hovering around big resistance and Bearish FIB level of 38.2 which is at 1.38400.
 If price closes above this level on monthly chart, Pair would continue its bullish run.

As pair is still bullish on weekly and Daily charts buying on pullbacks at below levels is advisable.

1.36
1.34900
1.33700

Shorts trades can be considered only after Break and rejection of support at 1.35600 on weekly and monthly chart.